February 24, 2018

Watch out: Banks are entering the culture wars — on the side of the left

Tanveer AhmedRebel Commentator

Bank and business leaders are increasingly talking about progressive social issues as part of improving their moral authority in the eyes of the public.

While this strategy may have short term gains, what it is actually doing is diluting the moral importance of their fundamental purpose as originators of wealth and jobs.

The less they are able to tell this purpose in terms of human, accessible stories, the weaker they will become in the face of social activists who are intent on destroying them.

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commented 2018-02-26 10:52:40 -0500
If the word progressive was removed from the dictionary people would finally be forced to identify their political philosophy of socialism and in some cases unadulterated Marxism.
Stop hiding behind your phoney euphemism that obfuscates your true colours.
commented 2018-02-26 09:42:38 -0500
Flat Earth – that is what the plan is for sure, and funds on deposit will confiscated to cover the banks. That’s how they will destroy those that have to ensure the globalist take over for their one world government.
commented 2018-02-26 01:02:48 -0500
Don’t worry Annie … They’re all too big to fail funded with your taxpayer dollars through the left side of the government.. but fail they will when the time is right to introduce the new Curren$y
commented 2018-02-25 21:52:07 -0500
“when” they go under.

Don’t hold your breath, friend…
commented 2018-02-25 20:27:36 -0500
Andrew the point is the Banks can have all the SJW policies they want, but when they go under, don’t come crawling to the taxpayer trough. Let them die a slow death.
commented 2018-02-25 11:36:48 -0500
You can be socially progressive and still make money. The banks can pander to the shrinking base of traditionalists, or they can be “progressive” and be welcoming to everyone. None of this has anything to do with making money – as per the recent earnings release they’re making cash hand over fist as the economy booms, whether or not you agree with their social policy.
commented 2018-02-25 11:06:58 -0500
I dumped one bank after 30 years. I can dump another very quickly.
commented 2018-02-25 00:54:07 -0500
commented 2018-02-24 23:41:10 -0500
BMO went down that path a while back. I wrote to them, and went up one side and down the other, in the end, telling them to shut up, do nothing as it blows over, and stick to banking. Thankfully, they did! My pen is poised (should I need to do it again)!!
commented 2018-02-24 23:17:38 -0500
Very intelligent comments Tanveer. Neo Marxism has now spread into the bastions of Capitalism. Businesses are there to make a profit, and as long as they are not the recipients of government favours, should be left alone to do so.
There is no need to apologize for being good at your business, or for not drinking the altruistic cool-aid of the justice warriors.
commented 2018-02-24 21:55:54 -0500
Huh…?? Banks like the ultra elite are related to the point of an incestuous relationship with each other… If one central bank fails then usually several others will follow as well if they are not propped up but that may be the agenda so the IMF can introduce special drawing rights and get us on a one world currency. I suggest people become their own banks and take all the money that isn’t earmarked for food, bills or mortgage payments or the like and turn it into gold and silver and get your resources out of the system before it fails.
All Fiat currency will one day revert back to its mean value which is zero while gold and silver will always have an intrinsic worth providing you with a wealth preservation medium while you watch hyper inflation affect a failing Fiat currency by 30% a day compounded.
commented 2018-02-24 21:46:36 -0500
Banks and other large corporations, not being street fighters, are scared of the Left and tend to show kinship with them rather than fight them. The Left has taken lessons from the Islamic practice of showing extreme violence, to bully their way in to obtaining their goals. Leftist’s now show their IQ quotient, by punching rather than debating. The big problem is that it appears to be working.
commented 2018-02-24 21:14:45 -0500
Which will leave a smarter bank to rise above them.